Distressed Retail: Page 14
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Adeline Kon/Retail Dive
Deep DiveWelcome to the lucrative world of retail bankruptcy
A look at the most expensive Chapter 11 proceedings in retail and the players that have profited from them.
By Ben Unglesbee • March 8, 2021 -
Tailored Brands seeks $75M lifeline just months after exiting Ch. 11
The owner of Men's Wearhouse is nearing a loan deal as the pandemic continues to weigh on apparel, according to court documents.
By Ben Unglesbee • March 3, 2021 -
Trendline
Top 5 stories from Retail Dive
Though some of the problems of the pandemic have waned, retail continues to reel from C-suite turnover, changes in ecommerce and reassessment of DEI policies.
By Retail Dive staff -
Cara Salpini/Retail Dive
Paper Source files for bankruptcy with plans to sell itself
A year ago, the retailer acquired 30 stores from Papyrus as that gift seller was liquidating. And then the COVID-19 pandemic derailed its growth.
By Ben Unglesbee • March 2, 2021 -
Belk exits bankruptcy a day after filing for Chapter 11
The department store retailer won speedy approval of a restructuring plan that allowed it to drop $450 million in debt.
By Ben Unglesbee • Updated Feb. 25, 2021 -
The image by MysteriousMystery is licensed under CC BY-SA 3.0
Fry's Electronics abruptly goes out of business, closes stores
The retailer cited a changing industry and the impact of COVID-19 as reasons for closing its doors after nearly four decades.
By Kaarin Vembar • Feb. 24, 2021 -
Tuesday Morning, Casper, Vince on S&P's latest 'most vulnerable retailers' list
The list includes both traditional brick-and-mortar retailers and digital specialists, which face different sets of financial challenges.
By Ben Unglesbee • Feb. 22, 2021 -
Kendall Davis/Retail Dive
The running list of 2021 retail bankruptcies
After a rapid leadership shakeup, and amid significant debt, a ransomware attack and the pandemic followed, leading Alex and Ani to file bankruptcy.
By Nami Sumida • Updated June 11, 2021 -
Cara Salpini for Retail Dive
GNC names new CEO and CFO
Following its acquisition in bankruptcy last year, the retailer has promoted two executives to top positions as it looks to grow and adapt to a new environment.
By Ben Unglesbee • Feb. 12, 2021 -
Cara Salpini/Retail Dive
Fearing store closures, mall landlords raise alarm about Sycamore's new version of Ascena
Simon Property Group claimed the recently created retail entity, which includes Ann Taylor and Lane Bryant, is a riskier venture than originally projected.
By Ben Unglesbee • Feb. 5, 2021 -
Daphne Howland/Retail Dive
Sears is closing 13 more stores, further shrinking its footprint
The once-storied retailer is running low on stores to close, yet its extended liquidation never seems to end.
By Ben Unglesbee • Feb. 4, 2021 -
Cara Salpini/Retail Dive
GameStop's stock exploded, but traffic to its stores is still down
Over 2020, visits to the retailer were down more than 27% at the gaming retailer, according to Placer.ai.
By Ben Unglesbee • Feb. 2, 2021 -
Daphne Howland/Retail Dive
Deep DiveDo malls have any business getting into retail?
REITs' expanding ownership of troubled retailers complicates an investment setup dependent on steady revenue.
By Daphne Howland • Feb. 2, 2021 -
Tru Kids
Toys R Us closes its last 2 US stores just over a year after re-launch
The stores were part of a joint venture with b8ta to re-launch the beloved retail brand and provide a marketing platform for toymakers.
By Ben Unglesbee • Feb. 1, 2021 -
Courtesy of Express via Businesswire
Express is 'hemorrhaging cash' even as investors gobble up its stock: report
The struggling fashion brand won a financial lifeline in the form of a loan from private equity firm Sycamore Partners. But its sector's travails continue.
By Ben Unglesbee • Jan. 27, 2021 -
Beauty retailer L'Occitane files Chapter 11
The brand's U.S. unit looks to use bankruptcy to shed stores as the pandemic weighs on brick-and-mortar sales and accelerates a shift to digital.
By Ben Unglesbee • Jan. 26, 2021 -
Court OKs Christopher & Banks' Ch. 11 sale of e-commerce unit
The bankrupt apparel seller is unloading its online business to an affiliate of Hilco after moving to close its stores.
By Ben Unglesbee • Updated March 1, 2021 -
Courtesy of Belk
Belk to file for bankruptcy after 130 years
Private equity firm Sycamore Partners will retain its majority stake as part of a restructuring deal expected to be complete by the end of February.
By Daphne Howland • Updated Jan. 27, 2021 -
Daphne Howland/Retail Dive
42% of retailers expect to restructure as industry revenue declines persist, BDO says
While struggles and distress abound, many companies are investing in e-commerce and other channels as the pandemic reshapes retail.
By Ben Unglesbee • Jan. 25, 2021 -
Daphne Howland/Retail Dive
Talbots downgraded by S&P as pandemic weighs on sales, cash flow
With an older core customer, the private equity-owned apparel seller has been disproportionately affected by COVID-19's spread, analysts said.
By Ben Unglesbee • Jan. 22, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning CEO to depart
The off-price retailer is looking for a new leader at the top shortly after restructuring in Chapter 11 bankruptcy.
By Ben Unglesbee • Jan. 19, 2021 -
Christopher & Banks files for bankruptcy, could close all stores
The women's apparel seller is among the victims of the pandemic, which dragged down demand among its core customers.
By Ben Unglesbee • Jan. 14, 2021 -
andreswd via Getty Images
Deep Dive9 retail trends to watch in 2021
The pandemic will continue to reshape the industry and accelerate trends from consumer preferences to industry norms and structures in the year ahead.
By Daphne Howland , Ben Unglesbee , Cara Salpini , Kaarin Vembar , Caroline Jansen , Maria Monteros • Jan. 12, 2021 -
Retrieved from Loves Furniture & Mattresses on January 11, 2021
Art Van successor Loves Furniture files for bankruptcy
A real estate veteran created a new retailer to fill the void left by the furniture specialist. Things did not go as planned.
By Ben Unglesbee • Jan. 11, 2021 -
Christopher & Banks inches closer to the brink as it defaults on multiple obligations
Financial distress deepens at the apparel seller as it misses payments on the lease of its headquarters and other financial commitments.
By Ben Unglesbee • Jan. 8, 2021 -
Permission granted by Family Video
Family Video to close all stores as last-ditch effort comes up short
The last major video rental chain is throwing in the towel as the pandemic and disruption to Hollywood take their toll.
By Ben Unglesbee • Jan. 6, 2021
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